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H.C. Wainwright reported on Zynerba Pharma (NASDAQ:ZYNE), hiking its price target to $22.00 earlier today

Just yesterday Zynerba Pharma (NASDAQ:ZYNE) traded -1.56% lower at $13.22. The company’s 50-day moving average is $11.00 and its 200-day moving average is $9.13. The last stock close price is up 44.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 217,283 shares of the stock were exchanged, down from an average trading volume of 218,982

H.C. Wainwright bumped up the target of Zynerba Pharma (NASDAQ:ZYNE) to $22.00 reporting a possible upside of 0.66%.

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Zynerba Pharma (NASDAQ:ZYNE)

Zynerba Pharma has a 52 week low of $4.64 and a 52 week high of $21.56 The company’s market cap is currently $0.

About Zynerba Pharma (NASDAQ:ZYNE)

Zynerba Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on developing and commercializing synthetic cannabinoid therapeutics formulated for transdermal delivery. The Company is evaluating approximately two product candidates, ZYN002 and ZYN001, in over five indications. The Company intends to study ZYN002 in patients with refractory epilepsy, osteoarthritis and Fragile X syndrome. The Company's ZYN002 is synthetic cannabidiol (CBD) formulated as a permeation-enhanced gel for transdermal delivery. ZYN002 is being developed as a clear that is designed to provide controlled drug delivery with once- or twice-daily dosing. ZYN001 is a pro-drug of tetrahydrocannabinol (THC) that enables transdermal delivery through a patch. The Company intends to test the ZYN001 patch for application to the arm, back and thigh. The Company intends to study ZYN001 in patients with fibromyalgia and peripheral neuropathic pain.

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